Date: May 06, 2021
By Jon Freedman The World Economic Forum recently released its Global Risks Report for 2021, and climate-related matters ranked high...
Date: January 06, 2016
The California State Water Resources Control Board (State Water Board) adopted a resolution January 5 authorizing the sale of $1.2 billion in revenue bonds for the Clean Water State Revolving Fund (Clean Water Fund) to meet financing demands for water projects.
With nearly a 40 percent increase in commitments in fiscal year 2014-15, and a greater demand expected in fiscal year 2015-16 and beyond, the Clean Water Fund will need additional capital in 2016 and 2017. To meet the increased demand, the State Water Board plans to sell revenue bonds to meet current and near-term funding commitments.
The Clean Water Fund is a financial assistance program associated with the federal Clean Water Act and state water quality laws. The fund provides financial assistance for construction or implementation of projects that address water quality problems and prevent water pollution. The program provides low-interest loans and other financing tools for construction of publicly-owned wastewater treatment facilities, local sewers, sewer interceptors, water recycling facilities, storm water treatment facilities, as well as implementation of nonpoint source projects, and the development and implementation of estuary comprehensive conservation and management plans.
The State Water Board’s Division of Financial Assistance has been working with a financial advisor, the California Infrastructure and Economic Development Bank (I-Bank), and the State Water Board’s Division of Administrative Services to determine the need for additional bonds; I-Bank has the authority to sell Clean Water Fund bonds on behalf of the State Water Board.
Date: April 29, 2021
Today, the United States Senate voted to adopt S. 914, the Drinking Water and Wastewater Infrastructure Act of 2021, which...
Date: April 28, 2021
On Thursday, April 29, the U.S. Environmental Protection Agency (EPA) and WateReuse Association will host a free webinar to celebrate...
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